- GBLT Expands into Solar Panel Industry to
Bolster its Existing Energy Storage Business -
TORONTO and DUEREN,
Germany, Jan. 11, 2022 /CNW/ - GBLT Corp. (TSXV:
GBLT) (OTCQB: GBLTF) (FSE: 4G9) ("GBLT" or the "Company") is
pleased to announce that it has acquired a majority stake in
Gebäude Technologie Center ("GTC"), an engineering company focused
on the renewable energy and solar panel industry. Through the
acquisition, GBLT anticipates additional revenue of approximately
€2m and over €275,000 in Adjusted EBITDA in fiscal year
2022.
GTC has a dedicated team of top engineers and is well known for
premium and innovative planning and solutions. GTC offers private
installations of solar panels for residential homes, and is
currently expanding into industrial and commercial projects,
supported by an existing contract with one of the largest
industrial companies in Germany.
Solar panel systems are already mandatory in many regions
throughout Germany, in both
commercial and private use cases. As government policy continues to
shift towards a greener economy, the German government is mandating
to increase solar energy solutions massively not just on a
voluntary basis but with strong legal guidelines.
"We help our customers to realize sustainable and at the same
time economical energy solutions," said André Trapp, Managing
Director of Gebäude Technologie Center. "Photovoltaic (PV) systems
play an important role in this today, as they enable their
operators to use self-generated electricity directly on site. In
this way, economically attractive self-supply for the housing
industry and industrial and commercial companies is linked to the
topic of sustainability in a clearly visible way. For more and more
industrial and commercial enterprises, a sustainable energy supply
plays an important role in their ESG objectives. Generating their
own electricity using PV systems sends a clearly visible signal for
climate protection directly on site and helps to save CO2
emissions."
"Solar-powered energy solutions continue to be a growing energy
vertical and this acquisition further bolsters our position in this
burgeoning market," said Dr. Thilo
Senst, CEO of GBLT Corp. "This is a natural fit for our
existing client-base by delivering supplementary energy solutions
to our existing mobile energy business that is scalable and growing
in demand. Furthermore, government policies only solidify our
belief that this rapidly growing market vertical can become a
massive win for GBLT and drastically increase revenue turnover in
the coming years as consumers continue to turn to solar powered
energy."
In addition, GBLT announces the resignation of Jean Bullukian from the Company's Board of
Directors for personal reasons, effective December 31, 2021.
Dr. Senst continued, "We would like to thank Jean for his time
and service on our Board of Directors and wish him the best of luck
in his future endeavors."
About GBLT:
GBLT Corp., through its operating company, GBT GmbH, designs,
manufactures and supplies mobile storage, battery and personal
protection equipment to some of the largest retail chains across
the globe. GBT is also an official licensee for Kodak mobile
storage systems and AGFAPHOTO mobile energy products. The Company's
personal protection equipment is primarily sold throughout
Europe under Dr. Senst brand,
which is owned and operated by GBT GmbH.
For more information, please visit www.gbt-international.com
and www.gbltcorp.com.
Forward-Looking
Information
Certain statements in this news release, which are not
historical in nature, constitute "forward looking statements"
within the meaning of that phrase under applicable Canadian
securities law. These statements include, but are not limited to,
statements or information concerning the Company's proposed
activities under the Agreement, the Company's ability to achieve
sales, commercial or otherwise, from its products, and the
expectations of the Company regarding funding payments due pursuant
to the Agreement. These statements reflect management's current
assumptions and expectations and by their nature are subject to
certain underlying assumptions, known and unknown risks and
uncertainties and other factors which may cause actual results,
performance or events to be materially different from those
expressed or implied by such forward looking statements. Except as
required pursuant to applicable securities laws, the Company will
not update these forward-looking statements to reflect events or
circumstances after the date hereof. More detailed information
about potential factors that could affect financial results is
included in the documents filed from time to time with the Canadian
securities regulatory authorities by the Company. Readers are
cautioned not to place undue reliance on forward looking
statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE GBLT Corp.
